Smith Midland (SMID) Asset Utilization Ratio (2011 - 2026)
Smith Midland's Asset Utilization Ratio came in at 1.00 for Q2 2026, down 58.9% from 2.44 a year earlier and down 2.5% from the prior quarter.
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Analysis
Smith Midland (SMID) Asset Utilization Ratio (2011 - 2026) Analysis & Trends
For FY2025, Smith Midland's Asset Utilization Ratio was 1.20, down 1.1% from FY2024.
- Going back by year, Asset Utilization Ratio was 1.21 in FY2024 (+17.8%), 1.03 in FY2023 (+10.6%), 0.93 in FY2022 (-8.2%) and 1.02 in FY2021 (+2.5%).
- The Q2 2026 figure represents the lowest quarterly Asset Utilization Ratio since Q2 2023.
- Year-over-year, Asset Utilization Ratio has declined for three consecutive quarters, with an average decline of 9.5% over the last five quarters.
- The fastest year-over-year change in Asset Utilization Ratio over five years came in Q3 2023 (growth of 21.8%), and the weakest in Q2 2026 (a decline of 58.9%).
- Business Quant data shows SMID's Asset Utilization Ratio at 1.03 (Q1 2026), 1.08 (Q4 2025) and 2.08 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 104.14 Bn | 98.86 Bn | 2.26 Bn | 0.95 |
| 2 | Johnson Controls International | 91.59 Bn | 89.32 Bn | 2.47 Bn | 0.65 |
| 3 | Comfort Systems Usa | 49.30 Bn | 44.56 Bn | 844.23 Mn | 0.51 |
| 4 | Carrier Global | 46.68 Bn | 40.99 Bn | 1.94 Bn | 0.59 |
| 5 | Otis Worldwide | 27.65 Bn | 24.06 Bn | 1.14 Bn | 1.37 |
| 6 | James Hardie Industries | 15.30 Bn | 14.37 Bn | 548.70 Mn | 0.40 |
| 7 | Masco | 14.84 Bn | 12.70 Bn | 868.00 Mn | 1.43 |
| 8 | Carlisle Companies | 13.70 Bn | 10.04 Bn | 568.40 Mn | 0.83 |
| 9 | Allegion | 13.58 Bn | 12.29 Bn | 517.50 Mn | 0.80 |
| 10 | Smith Midland | 112.88 Mn | 63.74 Mn | 5.42 Mn | 1.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.00 |
| Mar 31, 2026 | 1.03 |
| Dec 31, 2025 | 1.08 |
| Sep 30, 2025 | 2.08 |
| Jun 30, 2025 | 2.44 |
| Mar 31, 2025 | 1.18 |
| Dec 31, 2024 | 1.17 |
| Sep 30, 2024 | 1.17 |
| Jun 30, 2024 | 1.06 |
| Mar 31, 2024 | 1.01 |
| Dec 31, 2023 | 1.00 |
| Sep 30, 2023 | 1.02 |
| Jun 30, 2023 | 0.96 |
| Mar 31, 2023 | 0.95 |
| Dec 31, 2022 | 0.92 |
| Sep 30, 2022 | 0.84 |
| Jun 30, 2022 | 0.84 |
| Mar 31, 2022 | 0.83 |
| Dec 31, 2021 | 0.93 |
| Sep 30, 2021 | 0.96 |
API Access
Smith Midland Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=SMID&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "SMID", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=SMID&period=max&api_key=YOUR_API_KEY");
const data = await res.json();